Try, hopefully it will be closer to what you need.Outclear wrote:Sun Dec 06, 2020 5:47 pm
Thank you Mr Tools for adding MTF to the indicator, I appreciate the hard work,
However for the second request, I wanted arrows NOT when there is a crossover BUT when price bounces back and touches or moves out of the boundary/envelope whilst the middle band is RED or GREEN for SELL or BUY respectively.
I have attached two images illustrating exactly what I want.
I have been using deviation of the indicator set to 1.5 and price has been pulling back and bouncing off the envelope nicely and frequently giving some nice signals.
Hope I explained it a little bit better now ....Thank you for the work you going to put in this work.
PS: If you would like to download the template used on our Daily Downloads with the indicator, see here: Elder Auto Envelopes indicator settings template for MT4.